Pembina Plant Moving Ahead

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CBJ — Pembina Pipeline is moving forward on a joint venture $4.5 billion project with a Kuwaiti-based petroleum company to build a new propane dehydrogenation plant in Alberta.

Pembina’s share of the cost will be $2.5 billion including a 50% stake in the deal in the joint venture, which will own the plants, and a 100% stake in the supporting facilities.

The new facility will be built adjacent to the existing Redwater fractionation complex and will consume about 23,000 barrels per day of propane. It will have nameplate capacity of 550,000 tonnes of polypropylene per year and is expected to be up and running in about four years.

@CanBizJournal

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